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The producer price index in 2024 rose 2.3% from the previous year to 122.6, against 100 for the base year of 2020, a Bank of Japan report showed Thursday. The index was up for the fourth year in a row.
BUSINESS / Economy
Jan 16, 2025

Japan's producer price index hit record high in 2024

The producer price index, which measures the costs of goods traded between companies, rose 2.3% from the previous year to 122.6.
One of the brighest spots of Japan's indie gaming landscape in 2024 was Sonokuni, and with more incubators and other avenues of support springing up, there may be more games like it in the future.
LIFE / Digital / ON: GAMES
Jan 21, 2025

Japan-made games part of a rising tide of indie greatness

With games developed by lone individuals rivaling the quality of major studios, it's time to reconsider what makes an indie game indie.
The TikTok ban results from an April law signed by President Joe Biden and is the first time the United States has attempted to shut down access to an app with such a large user base — roughly 170 million domestic users.
BUSINESS / Tech
Jan 17, 2025

How a TikTok ban would work — and why user workarounds won't

TikTok reportedly plans to shut down the service and will show users a message about the law and offer to let them download their personal data.
The prospect of a TikTok ban has already triggered some users to seek alternatives, with Chinese social media app RedNote gaining nearly 3 million U.S. users in one day earlier this week.
BUSINESS / Companies
Jan 17, 2025

TikTok's fight against going dark gains support from key U.S. lawmakers

A law passed in April mandates owner ByteDance to divest TikTok's U.S. assets by Sunday to a non-Chinese buyer, or be banned on national security concerns.
Many of the economists noted the interest rate hike is likely unless Donald Trump jolts global financial markets, after he returns to the White House four days before the Bank of Japan’s policy decision.
BUSINESS / Economy
Jan 17, 2025

More than 70% of BOJ watchers expect a rate hike next week

BOJ Gov. Kazuo Ueda reinforced his deputy’s message this week that his board will consider a rate hike at the meeting, boosting the yen and expectations for action.
A bus driver turns people away after filling his vehicle with Ukrainian evacuees who have just crossed the border in Medyka, Poland, in February 2022.
BUSINESS / Economy / ANALYSIS
Jan 17, 2025

Ukrainian migrant exit could squeeze Eastern Europe's economies

Ukrainian workers have helped the region's manufacturing and export-driven economies expand quickly.
SpaceX's Starship rocket after launching from South Padre Island near Brownsville, Texas, on Thursday.
BUSINESS / Companies
Jan 17, 2025

SpaceX's Starship breaks up in space, forcing flights to divert

Video footage showed orange balls of light streaking across the sky over the Haitian capital of Port-Au-Prince, leaving trails of smoke behind.
Komeito Secretary-General Makoto Nishida (left) and Liberal Democratic Party Secretary-General Hiroshi Moriyama (center) hold talks with Chinese State Councilor and Foreign Minister Wang Yi in Beijing on Tuesday.
EDITORIALS
Jan 17, 2025

A moment of opportunity for Japan-China relations

While the outcome of the Japan-China meeting is important, it must not compromise Japan's national interests.
Supporters of U.S. President Donald Trump in Tokyo march ahead of the inauguration of then President-elect Joe Biden on Jan 20, 2021.
COMMENTARY / Japan
Jan 17, 2025

Japan has nothing to fear from Trump — except in maybe one area

Japan is far better positioned in the areas most important to Trump than many other countries. If Shinzo Abe were still alive, Japan would be in a great place.
Japan’s primary balance is once again set to miss its long-standing target of achieving a balanced budget by the year ending March 2026.
BUSINESS
Jan 17, 2025

Japan now expects to miss its 2025 primary balance goal

The primary balance, which excludes interest payments on public debt, is projected to remain in the red with a deficit of around ¥4.5 trillion.
The average figure of winter bonuses agreed on by labor unions and employers stood 4.93% higher than a year earlier.
BUSINESS / Companies
Jan 17, 2025

Major Japanese firms pay record winter bonuses

The average went up year on year in 18 of 21 industry sectors.
The TikTok logo is displayed on a mobile phone next to the U.S. Supreme Court in Washington on Friday.
BUSINESS / Tech
Jan 18, 2025

TikTok says it will go dark Sunday in U.S. without assurance from Biden

The statement came hours after the U.S. Supreme Court upheld a law banning TikTok on national security grounds if its Chinese parent company does not sell it.
Pierre-Olivier Gourinchas (left), chief economist of the International Monetary Fund, speaks with Federal Reserve Chair Jerome Powell prior to the start of the International Monetary and Financial Committee plenary session at the IMF and World Bank's 2024 annual spring meetings in Washington last April.
BUSINESS / Economy
Jan 18, 2025

IMF keeps Japan's 2025 growth outlook intact

The IMF left its outlook for Japan for 2025 and 2026 unchanged from its previous October projection at 1.1% and 0.8%, respectively.
Customers carry shopping bags outside a supermarket in Tokyo. A new survey has found that more people are feeling the pinch from higher prices compared with a year ago.
BUSINESS / Economy
Jan 18, 2025

Over 95% in Japan feel impact of higher prices: BOJ survey

The survey also showed that 85.7% of respondents think prices will rise over the next year, up from 85.6%.
Then-Rep. Brandon Williams, a Republican from New York, during a House Committee on Education and the Workforce hearing in Washington last May
WORLD / Politics
Jan 18, 2025

Trump picks one-term congressman to manage U.S. nuclear arsenal

Brandon Williams represented a New York congressional district for one term, but little is known about his experience in the management of atomic weapons.
Asylum seekers line up before crossing to the U.S. for appointments at El Chaparral crossing port in Tijuana, Baja California state, Mexico, on Monday.
WORLD / Crime & Legal / FOCUS
Jan 18, 2025

Gangs cash in on desperation of U.S.-bound migrants

As President-elect Donald Trump prepares to take office next week, gangs are using threats and extortion to exploit migrants trying to arrive in time.
Prime Minister Shigeru Ishiba poses for a photo with Dimitri Kerkentzes (second left), visiting secretary-general of the Paris-based Bureau International des Expositions, at the Prime Minister's Office in Tokyo on Friday.
JAPAN
Jan 18, 2025

Ishiba vows to make Osaka Expo a success

"We will do our best to communicate (the attractions of) not only Osaka but also Japan as a whole to the world," Ishiba also said.
Yanaha Island in Okinawa Prefecture as seen from a ferry.
JAPAN
Jan 18, 2025

Chinese buyer of Okinawa island to make visit in summer

The woman is reportedly preparing a trip to the island for employees of a company she runs in July or August.
Daiichi Sankyo's headquarters in Tokyo
BUSINESS
Jan 18, 2025

AstraZeneca and Daiichi Sankyo win U.S. approval for breast cancer drug

The Food and Drug Administration approved the drug for patients with advanced breast tumors whose cells bear a certain genetic signature.
After months of legal tussles, the U.S. Supreme Court on Friday upheld a law that would ban TikTok in the name of national security.
BUSINESS / Tech
Jan 19, 2025

TikTok shuts down U.S. access as Trump seeks app's reinstatement

Only months after overwhelmingly backing the law, lawmakers are now fretting about the ban, with all eyes on whether Trump can swoop in and find a way to save the app.
An employee at an auto parts maker in Ota, Gunma Prefecture. The automotive industries, which give fewer days off than other sectors do, are falling behind in the recruitment of new workers.
BUSINESS
Jan 19, 2025

Japan auto unions aiming to get five more days off in 2025

The number of nonworking days in the automotive industries has not increased in recent years and lags behind other sectors.
U.S. President Joe Biden delivers remarks at the U.S. Conference of Mayors in Washington on Friday.
BUSINESS / Economy / FOCUS
Jan 19, 2025

Democrats search for economic policy lessons as Trump takes office

Scarred by the 2007-09 recession, the Biden administration bet big on the labor market. The bet worked but not exactly as they hoped.
People attend a New Year's celebration in Wuhan, China, on Jan. 1.
ASIA PACIFIC
Jan 19, 2025

Wuhan keen to shake off pandemic label five years on

There is nothing to mark the location of the world's first COVID-19 lockdown — in fact, there are no major memorials to the lives lost to the virus anywhere in the city.
World Bank Deputy Chief Economist Ayhan Kose says there is room for the Bank of Japan to raise interest rates.
BUSINESS / Economy
Jan 19, 2025

Japan likely to see 'healthy growth' through 2026: World Bank exec

In its economic forecast released Thursday, the World Bank predicted Japan's gross domestic product will grow a real 1.2% in 2025 and 0.9% in 2026.
Woodworkers check phones during a blackout at an industrial complex in Tehran on Dec. 18.
WORLD / Politics
Jan 20, 2025

Blackouts in Iran leave industry in tatters

The regime is bracing for a harder road ahead, with incoming U.S. President Donald Trump pledging pressure and preparing sanctions.
The U.S. Food and Drug Administration's approval of novel breast cancer treatment by Daiichi Sankyo and AstraZeneca led Daiichi Sankyo's shares to post the largest intraday gain since August on Monday.
BUSINESS / Companies
Jan 20, 2025

Daiichi Sankyo rises most in five months on cancer drug approval

Datroway, developed with AstraZeneca, has been approved for patients with advanced breast tumors.
A dairy farming facility in Bengaluru, which Akiba Bokujo Holdings is expected to operate
BUSINESS / Companies
Jan 20, 2025

Japanese dairy farm operator targeting India

Akiba Bokujo Holdings has partnered with an Indian IT startup to procure feed, raise dairy cows and produce products.
Although direct Chinese exports to the U.S. have shrunk a little in importance over the past four years, the world’s largest economy is still the most important source of final demand for China.
BUSINESS / Economy
Jan 20, 2025

China faces Trump’s return just as reliance on exports soars

China’s record trade surplus of nearly $1 trillion last year was equivalent to more than 5% of its gross domestic product.
Donald Trump speaks at a Bitcoin conference in Nashville, Tennessee, on July 27, 2024.
BUSINESS / Tech
Jan 20, 2025

Cocktails and Snoop Dogg — crypto industry celebrates Trump inauguration

The crypto gala marks a stunning turnaround for an industry that has been in the Biden administration's crosshairs.
Core machinery orders, excluding orders for ships and power equipment, totaled ¥899.6 billion ($5.77 billion) in November, the Cabinet Office said.
BUSINESS / Economy
Jan 20, 2025

Japan's core machinery orders up 3.4% in November

Orders totaled ¥899.6 billion ($5.77 billion), the Cabinet Office said, marking a second consecutive month of growth.

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Visitors walk past Sou Fujimoto's Grand Ring, which has been recognized as the largest wooden structure in the world.
Can a World Expo still matter? Japan is about to find out.